Additionally, the 36-month beta value for BSFC is 2.45. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BSFC is 2.34M and currently, short sellers hold a 6.09% ratio of that float. The average trading volume of BSFC on September 16, 2024 was 1.67M shares.
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BSFC) stock’s latest price update
The stock of Blue Star Foods Corp (NASDAQ: BSFC) has decreased by -8.65 when compared to last closing price of 0.81.Despite this, the company has seen a loss of -3.15% in its stock price over the last five trading days. globenewswire.com reported 2024-08-20 that Miami, FL, Aug. 20, 2024 (GLOBE NEWSWIRE) — Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), has taken a significant step towards enhancing its financial position by reducing $645,668 in liabilities after its recently August 14th filling of its 10-Q from the quarter ended June 30, 2024. This move is part of Blue Star’s comprehensive strategy to improve its financial health, which is focused on reducing debt and increasing its shareholder equity.
BSFC’s Market Performance
BSFC’s stock has fallen by -3.15% in the past week, with a monthly drop of -35.57% and a quarterly drop of -68.87%. The volatility ratio for the week is 13.83% while the volatility levels for the last 30 days are 16.48% for Blue Star Foods Corp The simple moving average for the past 20 days is -28.50% for BSFC’s stock, with a -82.09% simple moving average for the past 200 days.
BSFC Trading at -51.66% from the 50-Day Moving Average
After a stumble in the market that brought BSFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.85% of loss for the given period.
Volatility was left at 16.48%, however, over the last 30 days, the volatility rate increased by 13.83%, as shares sank -28.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.01% lower at present.
During the last 5 trading sessions, BSFC fell by -3.15%, which changed the moving average for the period of 200-days by -90.72% in comparison to the 20-day moving average, which settled at $1.0212. In addition, Blue Star Foods Corp saw -89.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BSFC starting from Herian Nubar, who purchase 20,000 shares at the price of $0.14 back on Jan 16 ’24. After this action, Herian Nubar now owns 203,736 shares of Blue Star Foods Corp, valued at $2,780 using the latest closing price.
Herian Nubar, the Director of Blue Star Foods Corp, purchase 21,000 shares at $0.10 during a trade that took place back on Feb 28 ’24, which means that Herian Nubar is holding 224,736 shares at $2,113 based on the most recent closing price.
Stock Fundamentals for BSFC
Current profitability levels for the company are sitting at:
- -0.57 for the present operating margin
- -0.14 for the gross margin
The net margin for Blue Star Foods Corp stands at -0.61. The total capital return value is set at -0.77. Equity return is now at value -174.10, with -52.93 for asset returns.
Based on Blue Star Foods Corp (BSFC), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -3.84. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -1.63.
Currently, EBITDA for the company is -4.23 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.46. The receivables turnover for the company is 11.0for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In conclusion, Blue Star Foods Corp (BSFC) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
